City
Epaper

Australia announces about $10bn boost for wage subsidy scheme

By IANS | Updated: August 7, 2020 14:00 IST

Canberra, Aug 7 The Australian government on Friday announced a significant expansion of its wage subsidy scheme in ...

Open in App

Canberra, Aug 7 The Australian government on Friday announced a significant expansion of its wage subsidy scheme in response the coronavirus restrictions which were reimposed in Victoria state due to an alarming surge in the number of cases.

Prime Minister Scott Morrison and Treasurer Josh Frydenberg announced the A$15 billion ($10 billion) boost for the JobKeeper wage subsidy scheme, reports Xinhua news agency.

The vast majority of the funding will be spent subsidizing the wages of hundreds of thousands of Victor, with eligibility criteria for the scheme to be eased.

It takes the total cost of the scheme to A$101.3 billion.

Morrison said the government was doing whatever it took to save lives and save livelihoods.

"Australia is facing a situation that is constantly changing.

"Our response is to get the right support to all those Australian families, workers and businesses that need us, as these circumstances change.

"This means more support for more workers and more businesses for longer, as we battle this latest Victorian wave," he added.

The announcement comes as Australia has so far reported a total of 19,862 confirmed coronavirus cases, 255 deaths and 11,112 recoveries.

( With inputs from IANS )

Tags: XinhuaVictoriaCanberraScott Morrison
Open in App

Related Stories

CricketIndia vs Australia 1st T20I Match Abandoned Due to Rain in Canberra

CricketAUS vs IND, Canberra Weather Forecast: Will Rain Play Spoilsport in Australia vs India 1st T20I Match?

InternationalAustralia Shooting: Two Police Officers Killed, One Injured in Porepunkah; Town on Lockdown

Social ViralAustralia: Meteor Lights Up Skies Over Victoria; Residents Describe ‘Sonic Boom’ (Watch)

CricketRohit Sharma-Led Team Arrives in Canberra for Day-Night Match Against Prime Minister’s XI (Watch Video)

International Realted Stories

InternationalEarthquake of magnitude 6.1 rocks off East Coast of Kamchatka

InternationalSri Lanka launches task force to strengthen forest, wildlife protection

InternationalMeeting held to further strengthen India's cooperation with League of Arab States

InternationalNepal sees major decline in Indian tourist arrivals due to fragile law and order situation

InternationalFrom Mumbai to Kabul: Pakistan’s habit of denying its own terrorists returns to haunt it